Ford Delivers Best Quarter Ever with First Quarter Pre-Tax Profit of $3.8B; Net Income of $2.5B

Ford Motor Company delivered its best quarter ever with a first quarter pre-tax profit of $3.8 billion and net income of $2.5 billion. (Photo: Business Wire)

DEARBORN, Mich.–(BUSINESS WIRE-ENEWSPF)–Ford Motor Company (NYSE: F) today reported its 2016 first quarter financial results. Visitmedia.ford.com to view the news release and visit http://www.shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.

Highlights include:

Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago

Strong Automotive operating-related cash flow of $2.7B, a first quarter record

Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total

Record Automotive operating margin of 9.8 percent

About Ford Motor Company

Ford Motor Company is a global automotive and mobility company based in Dearborn, Michigan. With about 201,000 employees and 67 plants worldwide, the company’s core business includes designing, manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury vehicles. At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience, and data and analytics. For more information regarding Ford, its products worldwide or Ford Motor Credit Company, visit www.corporate.ford.com.

Related Articles

Over 20 Million More Mexicans Have Fallen Below the Poverty Line Since NAFTA Took Effect Washington, DC — (ENEWSPF)–March 29, 2017. Despite President Trump’s suggestions to the contrary, Mexico has not fared well during the READ MORE

Park Forest, IL-(ENEWSPF)- When Park Forest-Chicago Heights School District 163’s fifth grader Khalia Smith arrives home from school she watches an episode of the reality investment program “Shark Tank” that she has recorded. The show’s READ MORE

Washington, DC–(ENEWSPF)–October 8, 2016 Hi, everybody. Eight years ago, we were in the early stages of what would become the worst economic crisis of our lifetimes. It was a scary time. We didn’t even know READ MORE